Homeowners Insurance Archives

Home insurance typically provides some degree of coverage for the dwelling (plus attached fixtures and structures), personal property of the occupants, liability and living expense if you need to be relocated during repairs. Some folks assume that if you have homeowners insurance and disaster strikes your house, the insurance will pay to have your home rebuilt and refurnished. In actuality, the industry terms within your policy dictate how much you will get paid. The following terms will all offer different payouts:

Replacement cost – coverage that will pay for replacement up to the limits stated in your policy

Guaranteed replacement cost – unlimited coverage to replace as long as you have followed the company’s guidelines

Extended replacement cost – replacement up to the limits stated in your policy plus an extra predetermined percentage

Actual cash value (ACV) – the replacement cost minus depreciation

Read our blogs for more interesting tips or just give us a call and talk to an expert today.

Everyone Lives in a Flood Zone

Everyone Lives in a Flood Zone

ninajosko2019-09-06T21:36:56+00:00September 6th, 2019|Homeowners Insurance|

Everyone Lives in a Flood Zone Everyone lives in a flood zone. Yes, you read that right. One of the most common myths about floods is that if you don’t live near water, you’re not at risk. The truth, however, is that you don’t need to live in [...]

Why Is Water Damage Such a Big Deal?

Why Is Water Damage Such a Big Deal?

elizimmer2019-08-12T19:47:48+00:00August 16th, 2019|Homeowners Insurance, Personal Insurance|

Why is water damage such a big deal? by Matt Hunter at Cincinnati Insurance Water damage is consistently a common and severe cause of loss to homeowners. It is amazing to see the damage that water can do. Water carved the Grand Canyon – just [...]

Are You Covered? Don’t Be Caught Underinsured!

Are You Covered? Don’t Be Caught Underinsured!

ninajosko2019-06-27T14:39:27+00:00June 14th, 2019|Homeowners Insurance, Personal Insurance|

Are you covered? Don’t be caught underinsured! By Melissa Kamp Consider the cost of rebuilding your home to avoid being underinsured in Fairfield and Westchester County. Does your homeowner's policy have sufficient coverage limits to help you recover fully after a loss? Will you avoid incurring serious financial burdens? "Am [...]

Homeowners Insurance for a First Time Home Buyer

Homeowners Insurance for a First Time Home Buyer

ninajosko2019-06-25T17:43:10+00:00May 24th, 2019|Homeowners Insurance|

Homeowners Insurance for First Time Home Buyers Being a first time home buyer is really exciting but can also be scary. Often the catalyst to purchase is connected to other major life decisions like getting married or having children. People are deciding that investing money into your own property, instead [...]

Water Backup and Sump Pump Overflow Insurance

Water Backup and Sump Pump Overflow Insurance

ninajosko2019-06-25T17:05:16+00:00May 3rd, 2019|Homeowners Insurance|

Water Backup and Sump Pump Overflow Insurance Have you ever come home from a long day of work or after being away for the weekend and found a pool of water in your basement? How did it get there, what caused it, and what do I do now? The water [...]

Why is my home insured for more than its market value?

Why is my home insured for more than its market value?

elizimmer2019-06-24T15:05:34+00:00April 12th, 2019|Homeowners Insurance|

Why is my home insured for more than its market value? This is the million-dollar question. One of the most difficult questions for an agent to answer and for a client to accept. There is an old saying location, location, location. We hope that this article will help with [...]

Buying Waterfront Property in Connecticut and New York

Buying Waterfront Property in Connecticut and New York

elizimmer2019-06-25T16:56:02+00:00March 22nd, 2019|Homeowners Insurance|

Buying Waterfront Property in Connecticut and New York When home buyers are considering the purchase of waterfront or coastal property in Fairfield or Westchester County, there are several insurance factors they need to understand. We always recommend consulting an insurance professional prior to making an offer on your new home. [...]

2019 Spring Home Buying Market: Insurance Tips Before You Buy

2019 Spring Home Buying Market: Insurance Tips Before You Buy

elizimmer2019-06-24T15:37:17+00:00February 11th, 2019|Homeowners Insurance|

2019 Spring Home Buying Market: Insurance Tips Before You Buy Each spring in Fairfield and Westchester Counties, the spring home buying market begins. This is a busy time of year for local realtors, lawyers, mortgage brokers and insurance agents. Clients are moving to the area for the first time, up/downsizing [...]

When Trees Fall

When Trees Fall

DaigleAdmin2019-06-26T14:13:58+00:00December 18th, 2018|Homeowners Insurance|

If a tree falls, who’s responsible? By Marty Skidmore Storms are just one cause of downed trees that damage property. Living in Fairfield or Westchester County we have the coastal exposure as well as heavily wooded regions within a few 1000 feet of the water. This combination creates perfect conditions [...]

Personal Insurance: Trends in Construction Costs in Connecticut and New York

Personal Insurance: Trends in Construction Costs in Connecticut and New York

DaigleAdmin2019-06-26T14:53:56+00:00November 8th, 2018|Homeowners Insurance|

Trends in construction costs By Mandelyn Gerhart Material and labor costs are contributing to higher construction costs in Fairfield and Westchester County. Reconstruction cost – or replacement cost – is the cost of hiring a contractor to replace your home as it is, using materials and design of the same [...]

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